New York, NY, June 23, 2022 – Churchill Asset Management (“Churchill”) today announced that it served as Administrative Agent and Joint Lead Arranger for a senior secured credit facility that will continue to support Alpine Investors’ portfolio company, Trilon Group (“Trilon” or the “Company”).
Trilon Group was formed by Alpine Investors with a vision to build the next Top 20 infrastructure services firm in North America by bringing together some of the nation’s best infrastructure consulting firms. Key focus areas include Transportation, Water, Utilities, Environment and Community Infrastructure. Trilon currently comprises 725 staff across 40 offices in the US.
“Trilon’s differentiated family of infrastructure consulting firms have incredibly strong customer relationships and high revenue retention, positioning the Company to further benefit from industry tailwinds such as the growing need for infrastructure investment and an increased focus on water treatment,” said Randy Schwimmer, Senior Managing Director and Co-Head of Senior Lending at Churchill. “Under Alpine Investors’ ownership, Trilon has successfully completed and integrated several acquisitions, and we are pleased to support the continued growth of the business.”
This financing marks the first transaction which Churchill’s senior lending team has completed in support of Alpine Investors, a people-driven private equity firm specializing in the software and services industries. Alpine Investors was founded in 2001 and is currently investing out of their over $2.25 billion eighth flagship fund.
“On our first transaction together, we were very impressed with Churchill’s professionalism, industry expertise, and ability to provide a sizeable and custom-tailored financing solution that can scale with Trilon’s business over time,” said Jack Armstrong, Head of Capital Markets at Alpine Investors. “We look forward to building our relationship with the Churchill team.”
About Churchill Asset Management LLC
Churchill, an investment-specialist affiliate of Nuveen (the asset manager of TIAA), provides customized financing solutions to middle market private equity firms and their portfolio companies across the capital structure. With $38 billion of committed capital, we provide first lien, unitranche, second lien and mezzanine debt, in addition to equity co-investments and private equity fund commitments. Churchill has a long history of disciplined investing across multiple economic cycles and our unique origination strategy, best in class execution and investment are driven by more than 100 professionals in New York, Charlotte, Chicago, Dallas and Los Angeles. More information can be found at www.churchillam.com.
About Alpine Investors
Alpine Investors is a people-driven private equity firm that is committed to building enduring companies by working with, learning from, and developing exceptional people. Alpine specializes in investments in companies in the software and services industries. Its PeopleFirst strategy includes a talent program which allows Alpine to bring leadership to situations where additional or new management is needed post-transaction. Alpine has $8 billion in assets under management and is currently investing out of its over $2.25 billion eighth fund. The firm has offices in San Francisco, New York City, and Salt Lake City. For more information, visit www.alpineinvestors.com.
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This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Financial professionals should independently evaluate the risks associated with products or services and exercise independent judgment with respect to their clients.
Churchill Asset Management is a registered investment advisor and majority-owned, indirect subsidiary of Teachers Insurance and Annuity Association of America. Certain Nuveen products are advised by Nuveen Alternatives Advisors LLC, a registered investment advisor and wholly owned subsidiary of TIAA, and distributed by Nuveen Securities, LLC, Member FINRA and SIPC.
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